The Austrian Financial Market Authority (FMA) hereby announces that it has imposed fines of EUR 1,600.00 each by means of a penal order against the persons responsible of Speedinvest GmbH by way of the accelerated conclusion of proceedings pursuant to Article 22 para 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz). Specifically, Speedinvest GmbH has breached regulations in the European Venture Capital Funds Regulation (Regulation (EU) No 345/2013) in relation to due diligence obligations.
The penal orders are final.